Share Prices & Company Research

Market News

18 Jun 2019 | 08:32

First Derivatives takes full ownership of Kx Systems after purchasing outstanding stake for $53.8m

First Derivatives took full ownership in Kx Systems after completing the purchase of an outstanding stake in the latter for $53.8m in cash.

'Since we acquired a controlling stake in Kx Systems in October 2014 we have invested heavily to deliver the performance advantages of our combined solutions, branded as Kx technology, to a range of end-markets,' said Brian Conlon, Chief Executive Officer of First Derivatives. 'We are making exciting progress as we demonstrate our ability to transform our customers' operational performance by unlocking the value in their data. Full ownership of Kx Systems is an important milestone as we continue to commercialise our technology.'

At 8:32am: (LON:FDP) First Derivatives PLC share price was +22.5p at 3482.5p

Story provided by StockMarketWire.com
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.